{"id":34668,"date":"2020-04-09T14:54:41","date_gmt":"2020-04-09T18:54:41","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=34668"},"modified":"2020-04-10T07:44:50","modified_gmt":"2020-04-10T11:44:50","slug":"business-briefs-april-2020","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2020\/04\/business-briefs-april-2020\/","title":{"rendered":"Business Briefs: April 2020"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">The <b>Adirondack Trust Co.<\/b> reported it has once again secured a 5-Star rating from BauerFinancial, the nation\u2019s premier bank rating firm. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">A five-star rating indicates that the bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating for 55 consecutive quarters puts Adirondack Trust in the most prestigious bracket as an Exceptional Performance Bank.<\/span><!--more--><\/p>\n<p class=\"p1\"><span class=\"s1\">BauerFinancial, Inc., based in Coral Gables, Fla., is an independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"> * * *<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The <b>GlobalFoundries-Town of Malta Foundation<\/b> announced a grant for up to $50,000 to the town of Malta to help local individuals and families affected by COVID-19.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The town will initially purchase 250 gift cards from local grocery stores in the amount of $100 each, and an additional 250 gift cards when needed.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The town will distribute the grocery store gift cards to Malta residents, families and seniors in need from Town Hall, 2540 Route 9, from 11 a.m. to 2 p.m. Monday through Friday.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The grocery store gift cards will allow local residents to buy food and personal items for themselves and their families during this time of crisis.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The GlobalFoundries-Town of Malta Foundation annually provides grants to local organizations and will continue to award grants during its annual grant cycle. The foundation awards grants for projects that are creative, innovative, and inclusive in their scope and opportunities that will provide the maximum amount of benefit to the local Malta community.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">More information about the GlobalFoundries-Town of Malta Foundation is available online at sites.google.com\/site\/gfmaltafoundationorg\/home.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"> * * *<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>Whiteman Osterman &amp; Hanna LLP<\/b> and <b>McNamee Lochner PC<\/b> announced they are exploring a relationship under which most of the attorneys of McNamee Lochner would join their practices with Whiteman Osterman &amp; Hanna LLP. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cWe\u2019re excited to have the opportunity to align our firms and bolster the practice areas and legal experience available to our clients.<span class=\"Apple-converted-space\">\u00a0 <\/span>The attorneys at McNamee offer depth of experience in sophisticated practice areas, and we believe that our combined strength will prove to be an asset to our clients and the community\u201d said John Henry, co-managing partner of Whiteman Osterman &amp; Hanna LLP.\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cJoining our practices will allow our clients to draw upon the collective experience, depth and breadth of both firms\u201d said<span class=\"Apple-converted-space\">\u00a0 <\/span>Scott Barbour co-managing partner of McNamee Lochner.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Both firms anticipate announcing further details of their arrangement within the coming weeks.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"> * * *<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>CAP COM Federal Credit Union<\/b> and its charitable giving arm, the CAP COM Cares Foundation, have announced a $50,000 donation to the Regional Food Bank of Northeastern NY.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The support has been provided to help alleviate hunger needs in the Capital Region in the wake of coronavirus. The Regional Food Bank heavily depends on funds to meet the growing demand to feed children, seniors, and families. Across 23 Capital Region counties, the organization is receiving an unprecedented number of requests for assistance in the midst of the crisis. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">CAP COM\u2019s $50,000 gift to the Regional Food Bank is in addition to the $450,000 slated for donation by the CAP COM Cares Foundation to hundreds of community organizations this year.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Adirondack Trust Co. reported it has once again secured a 5-Star rating from BauerFinancial, the nation\u2019s premier bank rating firm. A five-star rating indicates that the bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating for 55 consecutive quarters puts Adirondack Trust in the [&hellip;]<\/p>\n","protected":false},"author":196,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-34668","post","type-post","status-publish","format-standard","hentry","category-business-briefs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Business Briefs: April 2020 - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2020\/04\/business-briefs-april-2020\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Business Briefs: April 2020 - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"The Adirondack Trust Co. reported it has once again secured a 5-Star rating from BauerFinancial, the nation\u2019s premier bank rating firm. 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